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Travelers Hands Over $365M In Asbestos Deal

By Anne Urda (July 6, 2007, 12:00 AM EDT) -- Still haunted by asbestos liabilities, the Travelers Cos. Inc. has agreed to fork over $365 million to put to rest a longstanding lawsuit brought by a bankrupt floor manufacturer which sought to hold the the insurer accountable for billions of dollars in damages....

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